Bitcoin with a dog theme Shiba Inu is commemorating a significant occasion. Total Addresses, which is the term used to describe all addresses produced and kept by SHIB over time, including those that are still in use, has reached a new high.
The total number of SHIB addresses has reportedly reached 3.6 million, according to statistics from IntoTheBlock. Shiba Inu is maintained its total number of addresses despite declining prices, and its balance has lately risen to new highs of 1.25 million.
The total number of addresses holding a balance gives a fair approximation of the number of people who own a particular crypto asset, even though it does not exactly match the number of holders.
On shorter time scales, the overall number of addresses with a balance may be a leading indicator of trading positioning and price action.
The overall number of addresses with a balance over time demonstrates interest in owning a certain crypto asset. An increase in the number of addresses with a balance is typically regarded as positive since it shows that the user base is more substantial and expanding.
At the time of writing, SHIB has dropped 0.05% over the previous 24 hours to $0.00000724.
Shibarium smashes new milestones
Platform Shiba Inu Layer-2 Shibarium is still growing. A new high of 26,112 has been set for the accounts growth indicator, which measures the total number of accounts for each month.
Both the total number of contracts for the time period and the number of validated contracts were new highs for the Layer-2 platform at 10,448 and 474, respectively. Shibarium currently has 7,635 tokens in total.
Other metrics, such wallet addresses and total blocks, which are now at 1,250,780 and 834,115, respectively, are also rising. Currently, there have been 3,161,171 transactions on the Shibarium network.
